Business Mathematics

This topic equips learners with mathematical skills applicable in everyday business and financial contexts. Topics include profit and loss, discount, commission, hire purchase, and compound interest. Through practical examples, learners understand how mathematics is used in budgeting, financial planning, and retail operations, developing financial literacy skills crucial for personal and professional life.

Learning Outcomes:
The learner should be able to:

• use a multiplier when calculating percentage change.
• calculate compound interest.
• understand and calculate depreciation and appreciation.
• understand and convert local or foreign currencies.
• understand and solve problems involving compound interest and hire purchase.
• describe and determines Mortgage of assets.
• calculate income tax given income tax bands.
• Interpret business-related scenarios using mathematical reasoning.